Zilliqa to transition to Ethereum layer-2 for institutions

Zilliqa plans to transition to an Ethereum layer-2 network named Zilliqa Institutional Layer for regulated institutions. This network aims to provide settlement and clearing secured by Ethereum, identity verification, and regulatory compliance through vLEI, along with a permissioned marketplace for transactions between verified institutions. Initially, Zilliqa will focus on institutional users before expanding to retail users and agents. The existing ZIL token will remain unchanged, and token holders do not need to take any action at this stage. Zilliqa will disclose technical details and provide information on token receipt, swaps, and migration on its official website before the changes take effect.

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